Gems Arts and Science College offers a variety of scholarships for students excelling in academics, sports, and arts. Scholarships are available for different communities, including Muslim and Hindu students. The college provides scholarships for students with SC/ST certificates and offers concessions for students achieving over 90% in their exams. The tuition fee for the B.Sc. Biotechnology program is INR 19,500 per semester, totaling INR 1,17,000 for the entire course. For other courses, tuition fees vary, with some three-year programs costing INR 66,000 (INR 11,000 per semester) and others at INR 90,000 (INR 30,000 per year).
The college does not offer loan facilities or campus employment, but students can apply for government scholarships through the college. Financial assistance is available through the college's charitable trust for students with good academic skills but financial hardships. The college does not provide campus placements, but internship and placement opportunities are available after course completion.


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